A Nairobi court has granted former Triton Petroleum Company Limited Yagnesh Devani, Chief Executive Officer (CEO), a Kes5 million cash bail in the Kes7.5 billion Triton oil scandal case.

Trial magistrate Thomas Nzioki gave Devani an alternative Kes 20 million bond plus two contact persons.

In his ruling, Magistrate Nzioki said that the prosecution did not adduce compelling reasons to deny the businessman bail.

Further, he said that his defense counsel Moses Kulgat and Hillary Kiplagat provided sufficient evidence and that Devani did not escape Kenya.

He indicated that by the time extradition proceedings were commenced, he had already left the country.

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Similarly, they submitted that Devani spent more time in the United Kingdom trying to fight an extradition order issued by a Kenyan court in 2009.

The court also found in the pre-bail report that Devani was a major shareholder of Triton Petroleum Company Limited and subsequently ordered him to answer charges on behalf of the company.

The matter will be mentioned on August 29 for pre-trial.